Covenant Logistics Group Announces Quarterly Cash Dividend
Covenant Logistics Group (NYSE: CVLG) has declared a quarterly cash dividend of $0.07 per share for both Class A and Class B common stock. The dividend will be paid on June 27, 2025, to stockholders of record as of June 6, 2025.
Covenant Logistics Group provides transportation and logistics services across the United States, including asset-based expedited and dedicated truckload capacity, asset-light warehousing, transportation management, and freight brokerage services. The company also operates Transport Enterprise Leasing, which provides revenue equipment sales and leasing services to the trucking industry.
Covenant Logistics Group (NYSE: CVLG) ha dichiarato un dividendo trimestrale in contanti di 0,07 $ per azione per entrambe le azioni ordinarie di Classe A e Classe B. Il dividendo sarà corrisposto il 27 giugno 2025 agli azionisti registrati al 6 giugno 2025.
Covenant Logistics Group offre servizi di trasporto e logistica in tutti gli Stati Uniti, inclusi capacità di carico completo accelerato e dedicato basata su asset, magazzinaggio asset-light, gestione del trasporto e servizi di intermediazione di merci. L'azienda gestisce inoltre Transport Enterprise Leasing, che fornisce servizi di vendita e leasing di attrezzature a reddito per l'industria del trasporto su strada.
Covenant Logistics Group (NYSE: CVLG) ha declarado un dividendo trimestral en efectivo de
Covenant Logistics Group ofrece servicios de transporte y logística en todo Estados Unidos, incluyendo capacidad de carga completa acelerada y dedicada basada en activos, almacenamiento con pocos activos, gestión del transporte y servicios de corretaje de carga. La compañía también opera Transport Enterprise Leasing, que proporciona servicios de venta y arrendamiento de equipos para la industria del transporte por carretera.
Covenant Logistics Group (NYSE: CVLG)는 클래스 A 및 클래스 B 보통주 모두에 대해 주당 0.07달러의 분기별 현금 배당금을 선언했습니다. 배당금은 2025년 6월 27일에 2025년 6월 6일 기준 주주에게 지급됩니다.
Covenant Logistics Group은 미국 전역에 걸쳐 운송 및 물류 서비스를 제공하며, 자산 기반의 신속 및 전용 트럭 적재 용량, 자산 경량 창고, 운송 관리 및 화물 중개 서비스를 포함합니다. 또한 트럭 산업에 수익 장비 판매 및 임대 서비스를 제공하는 Transport Enterprise Leasing을 운영합니다.
Covenant Logistics Group (NYSE : CVLG) a déclaré un dividende trimestriel en espèces de 0,07 $ par action pour les actions ordinaires de classe A et B. Le dividende sera versé le 27 juin 2025 aux actionnaires inscrits au registre au 6 juin 2025.
Covenant Logistics Group fournit des services de transport et de logistique à travers les États-Unis, y compris une capacité de chargement dédiée et accélérée basée sur des actifs, des entrepôts allégés, la gestion du transport et des services de courtage de fret. La société exploite également Transport Enterprise Leasing, qui offre des services de vente et de location d’équipements générant des revenus pour l'industrie du transport routier.
Covenant Logistics Group (NYSE: CVLG) hat eine vierteljährliche Bardividende von 0,07 $ pro Aktie für sowohl Klasse A- als auch Klasse B-Stammaktien angekündigt. Die Dividende wird am 27. Juni 2025 an Aktionäre ausgeschüttet, die am 6. Juni 2025 im Aktienregister eingetragen sind.
Covenant Logistics Group bietet Transport- und Logistikdienstleistungen in den gesamten Vereinigten Staaten an, darunter asset-basierte beschleunigte und dedizierte Lkw-Ladekapazitäten, asset-light Lagerhaltung, Transportmanagement und Frachtmaklerdienste. Das Unternehmen betreibt außerdem Transport Enterprise Leasing, das Verkaufs- und Leasingdienstleistungen für Nutzfahrzeuge in der Transportbranche anbietet.
- Regular quarterly dividend payment demonstrates financial stability
- Diversified business model across transportation and logistics services
- Multiple revenue streams through various subsidiaries and affiliated companies
- Relatively small dividend amount of $0.07 per share
- Future dividend payments subject to board approval and various risks
CHATTANOOGA, Tenn., May 16, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of
The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company’s board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors each quarter.
About Covenant
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset- based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on the New York Stock Exchange under the symbol, “CVLG.”
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including, without limitation, statements relating to our declaration of quarterly dividends. Forward-looking statements are based on the current beliefs, assumptions, and expectations of management and current market conditions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; compliance with applicable law; restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. Readers should review and consider the factors that may affect future results and other disclosures in the Risk Factors section of Covenant Logistics Group, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024 and various disclosures in our press releases, stockholder reports, and other filings with the Securities and Exchange Commission. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.
For further information contact:
Paul Bunn, President
PBunn@covenantlogistics.com
Tripp Grant, Chief Financial Officer
TGrant@covenantlogistics.com
For copies of Company information contact:
Brooke McKenzie, Executive Administrative Assistant
BMcKenzie@covenantlogistics.com
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